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Last updateMon, 30 Mar 2015 8pm

LOS ANGELES Tuesday, March 31st 2015 11:03

  • Issue: Hikers, Bikers Angered After Mt. Hollywood Drive Opens to Cars

    Laura J. Nelson & Emily Alpert Reyes

    Date: Mar 30, 2015 

    LA opens 1.1-mile stretch of Mt. Hollywood Drive to help tourists seeking closer views of the Hollywood sign. 

    A city of Los Angeles decision to allow motorists to use a popular hiking and cycling route in Griffith Park to alleviate congestion on other hillside roads has pitted park lovers against area residents, mirroring a similar dispute in neighboring Beachwood Canyon. 


    In mid-March, the Recreation and Parks Department opened a 1.1-mile stretch of Mt. Hollywood Drive to traffic as part of a three-week trial period to ease congestion for tourists seeking close-up views of the Hollywood sign. The route, just west of Griffith Observatory, was closed to cars two decades ago. 

    But road space is at a premium as traffic in the park grows worse, officials say, and opening up new routes is something worth exploring.  (Read the rest.)  

    -cwCityWatch

    Vol 13 Issue 27

    Pub: Mar 31, 2015



OMG! Must watch! Mariah in candid moment sings along with her greatest hits

Mystery. What’s in the hidden tunnels of Vegas?

Mitt in the Mirror. Fallon as Romney and Romney

 

 

 

 

  

 

 

 

 

The GOP’s Big Investors

POLITICS - Have you heard of William Dore, Foster Friess, Sheldon Adelson, Harold Simmons, Peter Thiel, or Bruce Kovner? If not, let me introduce them to you. They’re running for the Republican nomination for president.
I know, I know. You think Rick Santorum, Newt Gingrich, Ron Paul, and Mitt Romney are running. They are – but only because the people listed in the first paragraph have given them huge sums of money to do so. In a sense, Santorum, Gingrich, Paul, and Romney are the fronts. Dore et al. are the real investors.

According to January’s Federal Election Commission report, William Dore and Foster Friess supplied more than three-fourths of the $2.1 million raked in by Rick Santorum’s super PAC in January. Dore, president of the Dore Energy Corporation in Lake Charles, Louisiana, gave $1 million; Freis, a fund manager based in Jackson Hole, Wyoming, gave $669,000 (he had given the Santorum super PAC $331,000 last year, bringing Freis’s total to $1 million).

Sheldon Adelson and his wife Miriam provided $10 million of the $11 million that went into Gingrich’s super PAC in January. Adelson is chairman of the Las Vegas Sands Corporation. Texas billionaire Harold Simmons donated $500,000.

Peter Thiel, co-founder of PayPal, provided $1.7 million of the $2.4 million raised by Ron Paul’s super PAC in January.

Mitt Romney’s super PAC raised $6.6 million last month – almost all from just forty donors. Bruce Kovner, co-founder of the New York-based hedge fund Caxton Associates, gave $500,000, as did two others. David Tepper of Appaloosa Management gave $375,000. J.W. Marriott and Richard Marriott gave a total of $500,000. Julian Robertson, co-founder of hedge fund Tiger Management, gave $250,0000. Hewlett-Packard CEO Meg Whitman gave $100,000.

Bottom line: Whoever emerges as the GOP standard-bearer will be deeply indebted to a handful of people, each of whom will expect a good return on their investment.

And this is just the beginning. We haven’t even come to the general election.

Non-profit political fronts like “Crossroads GPS,” founded by Republican political guru Karl Rove, are already gathering hundreds of millions of dollars from big corporations and a few wealthy individuals like billionaire oil and petrochemical moguls David and Charles Koch. The public will never know who or what corporation gave what because, under IRS regulations, such non-profit “social welfare organizations” aren’t required to disclose the names of those who contributed to them.

Before 2010, federal campaign law and Federal Election Commission regulations limited to $5,000 per year the amount an individual could give to a PAC making independent expenditures in federal elections. This individual contribution limit that was declared unconstitutional by the District of Columbia Court of Appeals in a case based on the Supreme Court’s grotesque decision at the start of 2010, Citizens United vs. Federal Election Commission.

Now, the limits are gone. And this comes precisely at a time when an almost unprecedented share of the nation’s income and wealth is accumulating at the top.

Never before in the history of our Republic have so few spent so much to influence the votes of so many.

(Robert Reich is Chancellor's Professor of Public Policy, University of California at Berkeley
and the author of Aftershock: The Next Economy and America's Future, now in bookstores. This post originally appeared at RobertReich.org.) -cw

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